Peralta, SusanaGouveia, Ana FontouraFolque, Luís2016-08-042016-08-042016-062016-06http://hdl.handle.net/10362/18613This work project estimates price-cost margins for 163 Portuguese markets (defined at 3-digit level of CAE), with the aim of assessing the degree of product market competition. During the Economic and Financial Assistance Program of 2011-14, a set of product market reforms was implemented, with the objective of increasing competition in output markets. We provide a first assessment of the effectiveness of these reforms. We use Portuguese firm-level data to estimate price-cost margins, allowing for worker’s bargaining power. By then aggregating markets into sectors, our results allow us to conclude that the degree of competition did increase in most sectors.engCompetitivenessPortuguese economyProduct market reformMark-upmaster thesis201531526